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It's a cult. Really. This is a stock devoid of any connection to reality, fundamentals, products, anything. All that matters is that Musk is on the nameplate. Do not bet against the ability of people in a cult to remain irrational in the face of overwhelming evidence. Do not touch the cult.

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It's a bit more than just his name. It's the statements he makes, that turn out to not be true.

If it's a cult why BlackRock is heavily invested in TSLA? Should not be they more rational (e. g. look at P/E ratio and other financial stats).

With entities like BlackRock. There is always on which part of money they manage they are simple followers. Index funds simply follow indexes. They can not decide not to invest according to set out rules.

And when you get to active management, those managers might not either be that good. And it works as long as market keeps going up.

Maybe they think they can ride the cult and get out faster than the cultists when necessary?

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